Amaranth Death March Continues
Amaranth is liquidating its positions following its huge energy market bet losses. Industry giant Fortress Investment is reputed to be assisting in the process.
Litigation vs. Amaranth by disgruntled investors who got stuck is anticipated. There may be a bit of a pot for investors tho - as apparently some of the Amaranth assets are fetching higher prices in liquidation than was anticipated.
Is this the end for Amaranth?
Comments